JSE trading remains subdued Wednesday

Trading on the Jamaica Stock Exchange closed Wednesday with modest losses in the market indices, as trading levels remained below normal.
At the close of trading, the All Jamaican Composite Index lost 361.86 points to end at 412,470.47 and the JSE Index declined by 329.70 points to close at 375,807.24.
Main market trading ended with 1,683,322 units valued at $37,751,520, compared to 1,496,686 units valued at $31,571,688 changing hands on Wednesday.
The main and US dollar markets, had 31 securities changing hands, with prices of 11 rising, 9 declining with 10 remaining unchanged, compared to 27 securities trading on Wednesday.
Sagicor Real Estate Fund led trading with 507,100 units and 30.1 percent of the day’s volume, followed by JMMB Group 7.25% preference shares with 265,000 units or 15.74 percent of the volume changing hands and Barita Investments with 101,743 units accounting for 6 percent of the day’s volume.
An average of 60,119 units valued at over $1,348,269, in contrast to 55,433 shares valued at $1,169,322 on Tuesday. The average volume and value for the month to date amounts to 39,918 units valued at $1,071,215 compared to 44,147 units valued at $1,258,519, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
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In main market activity, Barita Investments gained $2 and closed at $50, with 101,743 shares traded, Caribbean Cement fell $1 and finished at $40 while trading 2,700 shares, Grace Kennedy added $2 trading 5,850 stock units at $63, Jamaica Producers dropped $1.45 to close at $20.05, with 55,372 shares changing hands. JMMB Group jumped $3.19 to conclude trading of 47,251 shares at $33.99, Mayberry Investments rose 40 cents and ended trading of 2,500 shares at $9.40, Mayberry Jamaican Equities rose 45 cents trading with 26,352 shares, at $9.55, NCB Financial Group gained 50 cents in trading 82,269 shares at $149.  Sagicor Group lost 98 cents trading 40,721 units to close at $39, Sagicor Real Estate Fund  gained 66 cents and ended trading 507,100 shares at $11.66,  Scotia Group traded 80,355 shares after declining 50 cents to close at $54. Seprod fell by $1 and ended at $30, with 8,245 shares trading and Supreme Ventures  concluded trading at $19, with 5,620 stock units changing hands after climbing by 51 cents.
Trading in the US dollar market resulted in 36,500 units valued at $53,052. JMMB Group 5.75% preference shares traded 25,000 units in closing at US$2, JMMB Group 6% preference shares traded 650 units after falling 1 cents to close at $1.04, followed by Proven Investments that rose 0.5 cents in trading 10,850 units at 22 US cents. The JSE USD Equities Index advanced by 4.40 points to close at 166.86.

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